Vodafone Germany renews Teleste subsidiary for installation and maintenance

Cable and broadband technology outfit Teleste’s Cableway AG subsidiary has signed a new three-year strategic partnership agreement with Vodafone Germany for installation and maintenance services to service Vodafone’s cable network customers in Germany.

The agreement ensures the continued partnership with Vodafone Germany one year prior to the expiry of the previous contract. With an expected contract value in excess of €200 million over term, it will strengthen the long-term profitability and sustainability of Cableway’s services business and provide further growth opportunities for Teleste’s business footprint in Germany, according to Teleste.